Botswana increases 2022 economic growth forecast to 6.7%

Brian Benza, Reuters News

February 6, 2023

U.S. Dollar banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration
Reuters/REUTERS

GABORONE – Botswana’s government has revised upwards its 2022 economic growth forecast to 6.7% from an earlier estimate of 4.2%, Finance Minister Peggy Serame said on Monday.

Speaking during an annual budget speech, Serame said the 2022 revision was linked to the diamond-rich southern African country’s strong recovery from the COVID-19 pandemic, after economic growth of 11.8% in 2021.